Alaska Stat. § 21.09.260
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
An insurer that the director determines, following an appropriate hearing as provided in AS 21.06.170 - 21.06.230, has violated the provisions of AS 21.09.250 is subject to a civil penalty of not more than $2,500 for each violation. The director may suspend or revoke the license of the insurer for a violation of AS 21.09.250, but violation does not invalidate the insurance contract.
AS 21.09.260